Cryptocurrency exchange Coinbase has added its first U.S. dollar-backed stablecoin and it isn’t tether (USDT). It’s Circle’s USDCoin (USDC).

In a blog post, the exchange said U.S. customers “outside New York state can buy and sell, and customers around the world can send and receive” the stablecoin through Coinbase’s iOS and Android apps and on its website.

CoinDesk reported USDC is the first stablecoin supported by Coinbase, and is only the second ERC-20 token the exchange’s customers can trade after it added the 0x token earlier this month.

Uneasiness over tether, which lost its dollar peg last week, prompted a number of cryptocurrency exchanges to add other stablecoins recently, including Circle’s. Read more here.

ThirtyK Staff
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